A bill to amend the Internal Revenue Code to provide that certain research and development expenditures will not be taken into account for purposes of the "small-issue exemption" from the industrial development bond rules.

referredUnited States· United States Congress· EN

Introduced

4 September 1980

Last action

—

Status

Referred to Senate Committee on Finance.

Summary

Amends the Internal Revenue Code to exclude research and experimental expenditures connected with a taxpayer's trade or business from the computation of expenditures which determines whether a bond issue qualifies for the alternative $10,000,000 small issue exemption from the industrial development bond interest inclusion rules.

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Documents

1 official file

Introduced in Senate
summary · EN · 4 September 1980
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/96th-congress/senate-bill/3086
Open data entity: https://api.congress.gov/v3/bill/96/s/3086